Wednesday, 24 August 2011

Hang cool

Don’t know if you ever look up these doomsday scenario websites that proliferate on the web. Don’t get me wrong, I think their basic premise is correct, that we, well the USA specifically, is/are headed for an economic apocalypse.

However I feel they’re wrong in relation to its suddenness. ‘The day the EBT cards don’t work’, ‘the day Social Security cheques don’t arrive’, ‘the day the dollar ceases to be a reserve currency’. It’s all about ‘the day’. But I can’t see that happening, not in America anyway. For the simple reason that the Fed can just keep printing dollars to pay the cheques and keep the EBT cards delivering. Needless to say, this will lead to an accelerated and ever-increasing decline in the dollar’s value.

This in turn will almost certainly lead eventually to the dollar losing its reserve currency status. But even here it’s not going to be an overnight thing. In my opinion, and maybe some of the finance wizards who adorn the comments section of this blog will correct me, but the status is not a binary on/off thing, rather something that will fall into disuse as the underlying currency is debased.

So maybe those of you stacking your cave in Montana with dried foods and gunpowder can take some time out for a bit of R&R.

27 comments:

Rob
said...

It could be that the US and the West generally will continue to muddle through much as most Third World countries do today - i.e. poor, incompetent, corrupt, but managing not to descend into total anarchy.

Survivalism seems to be a uniquely American thing. But only in North America have Europeans in memory have had the choice or been forced to live off the land, or their own immediate resources, without the presence of the state.

It has certain serious practical problems- if you are away from your supplies when the crack up occurs, how do you get to them? When a horde of hungry people discover you have food, how do you defend it?

The problems will develop slowly, but no one can say exactly when things will get ugly enough to where your cases of canned beans look good. If and when it does though you'll be glad you have them.

It won't be a day, it will take a decade to slip beneath the waves. All the while the hand wringers will rearrange the deck chairs on the Titanic and the nigs will work hard (for the first time in their existence) to speed the end up.

We here in the States who know where we're headed like to think the end will be quick, painless, and not too embarrassing; but I think you're right and our economic decline will (continue to) be slow, excruciating, and absolutely mortifying.

I picked the example of the decline of czarist Russia because it ended in a brutal free-for-all and a campaign of ethno-religious-warfare by a 90% Jewish party against the native population of the former Russian empire.

This is as bad as it gets in terms of collapse and race war. But it took time, so much time. Like the Savant says, collapse appears to be hardly a matter of "the day".

I learned a lot compiling this timeline and hope you find it interesting as well:

1861 - The emancipation of the serfs. It causes widespread discontent because it fails to ease the lot of the rural population.

1905 - A partially succesful revolution forces Czar Nicholas II to grant a constitution. In the end, the revolution is supressed on the original "Bloody Sunday".

1914 - Russia enters the first world war. Setbacks begin immediatly.

1914 - Gold standard is abandoned.

1916 - The Ruble has lost another fifth of its purchasing power compared to pre-war gold Rubles. Hunger and lack of necessities become prevalent for civilians.

early 1917 - Troops are mutinous and refuse to fight.

February 1917 - The population of Petrograd takes to the street. Czarist troops refuse to put down the protests. The Czar abdicates. A centre-left provisional governement assumes power.

Summer 1917 - The provisional government is determined to continue the war against Germany and Austria. Discontent in the army and in Russia. Hunger, strikes.

Summer/Fall 1917 - The numbers are in: Russian GDP falls by a third in one year.

October 1917 - The Bolshevists take over Petrograd and lay claim to the whole of the Russian empire. Finnland and Poland secede succesfully. The red army and the secret police Cheka are formed.

1918 - Inflation estimates begin to get murky. The figure for 1918 is somewhere around 1500%. Savers are completely whiped out, Lenin ecstatic.

March 1918 - Peace with Germany. Localized resistance against the red army escalates into full blown civil war.

Ocotber 1918 - "Red terror" commences. The Cheka has now the authority for all extrajudicial killings deemed necessary by the red leadership, liquidates 250.000 "enemies of the people" in the next couple of years.

January 1919 - Soviet Union begins widespread grain requisitionings to feed the red army and the cities. Cannibalism manifests itself in rural Russia.

1861 - The emancipation of the serfs. It causes widespread discontent because it fails to ease the lot of the rural population.

If I recall correctly, the French Revolution only kicked into high gear after Louis XVI initiated reforms, easing the lot of the peasants.

It would appear than a cast iron formula for revolution is reform ... when the lot of the peasantry is eased, they grasp more and more, desiring more and more.

It therefore seems that the only sure insurance against revolution is ever more oppressive treatment ... itself, ultimately, a formula for ruin.

You can't win.

Allied to this, of course, were the first attempts at "exporting" communism or Bolshevism in the early nineteen twenties.

The US had the IWW or "Wobblies".

The IWW was founded in Chicago in June 1905 at a convention of two hundred socialists, anarchists, and radical trade unionists from all over the United States (mainly the Western Federation of Miners) who were opposed to the policies of the American Federation of Labor (AFL).

In South Africa the Communist Party called a general strike which finally erupted into the Rand Rebellion or Rand Revolt of 1921/1922.

Interestingly enough, The Communist Party of South Africa (CPSA) took an active part in the uprising on grounds of class struggle, typified by the slogan; "Workers of the world, unite and fight for a white South Africa!"

This because the mine owners wanted to hire blacks who would work for a lesser wage.

Something the present SACP would like swept under the rug of history -- along with the anti-nog comments by that paragon of the SA Left ... Mohandas (Mahatma) Ghandi who happily referred to Nogs as "Stinking, lowly Kaffirs."

Another Ghandi quote:-

From the Indian Opinion of his time in a South African prison: "Kaffirs are as a rule uncivilised — the convicts even more so. They are troublesome, very dirty and live almost like animals ... The kaffirs' sole ambition is to collect a certain number of cattle to buy a wife with and then pass his life in indolence and nakedness. They're loafers... a species of humanity almost unknown among the Indians."

Some things never change, I guess.

Both my parents had vivid recollections of the Rand Rebellion. My mother as a six-year-old orphan in Malvern being escorted to school by mounted police and my father (on the other side of town) watching Union troops shelling a schoolhouse on the Brixton ridge from what is now the parking lot of the Milpark Holiday Inn.

Germany, of course, had Rosa Luxemburg and the Brits had the General Strike of 1926.

Very, very well put, Shaun. I never thought of looking at it that way ... and i don't think the powers that be have thought of it that way, either.

Create enough peasants and revolution becomes inevitable. And what are the powers that be creating hand over fist?

Peasants. Of everyone.

Ooooh, it's going to be epic.

Cheers,Uncle Nasty

BTW regarding the illegality of the Communist Party, South Africa declared the Communist party a banned organisation in 1950 until that legislation was repealed in 1990. Seeing as how FW de Klerk's Nationalist govt. took four more years to implode, the rot (and I use the term advisedly) had already set in.

There is a special place in hell reserved for de Klerk and his traitorous faggot buddies.

Vices the most notorious seem to be the portion of this unhappy [negro] race: idleness, treachery, revenge, cruelty, impudence, stealing, lying, profanity, debauchery, nastiness and intemperance, are said to have extinguished the principles of natural law, and to have silenced the reproofs of conscience.

-- Encyclopaedia Britannica, 1798.

Those old Poms weren't much for mincing their words.And a few more Ghandi gems from, believe it or not, India.

Which American state will strike the first blow for freedom from BRA’s Union?

It was South Carolina last time around. The spirit of Charleston seized control of the Palmetto State and became the Spirit of the South in ’61.

The demographic eclipse of White America is felt most viscerally in the Southwest for many reasons. The dictator Barack Hussein Obama has made it plainly clear through his executive orders that the U.S./Mexican border is being deliberately neglected by Washington establishment which is subservient to the National Council of La Raza.

Barack Hussein Obama has forced Arizona and Texas to choose between being overwhelmed by a Mexican invasion like California or embarking on the path to disunion.

Arizona knows it has plenty of allies in Dixie now that Alabama, Georgia, and South Carolina have joined the bandwagon. In 1861, it took the cooperative action of three states (South Carolina, Alabama, and Mississippi) to dissolve Lincoln’s Union and a big state (Virginia) to make the War Between the States a knife fight to the death.

It only took one state to strike the first blow and force every other state to choose sides: South Carolina.

Let’s use our imagination: because of the stubborn refusal of Washington to secure the border, Arizona has lately revived John C. Calhoun’s old doctrines of nullification and states’ rights. Where is this all going?

The ultimate logic of states’ rights is that the people of every state who are organized in a state convention possess absolute sovereignty. Historically speaking, it was the people of the states that created the Articles of Confederation and the U.S. Constitution by delegating powers to the federal government and reserving to themselves sovereignty.

If the people of the states are sovereign, not the federal government in Washington, then the states can withdraw from the federal government anytime they wish to do so. North Carolina and Rhode Island were never coerced to join the Union under the U.S. Constitution.

The latest headline: Ariz. sues feds over Voting Rights Act

If you can, try and track down a copy of "The Second Civil War".

http://tiny.cc/q115f

What is really interesting is the timing. With the fall of Libya, that country is going to have Ahmurrican demockery -- sorry, democracy shoved up its collective fundament, just like Iraq, Afghanistan, Somalia ... you know the drill. And that, is going to take more troops.

There ain't going to be enough US troops to fight a second Civil war at home.

Who would have thought, twenty short years ago, of a serious discussion of civil war in America?

did anyone ever hear of a jew rabble rouser in africa called JOE SOLVO, I UNDERSTAND HE STARTED GET THE WHITES OUT SO I CAN RUN IT POLICY.

Joe Slovo ... Wikipedia bio here:-

http://en.wikipedia.org/wiki/Joe_Slovo

Opening quote:-

Slovo was born in Obeliai, Lithuania to a Jewish family who emigrated to South Africa when he was eight. His full name was Yossel Mashel Slovo.

The tribe again. What a surprise.

His wife Ruth First got her arse handed to her, compliments of the SA Spooks:-

Between 1946 and 1950 he completed a law degree at Wits University and was a student activist. He was in the same class as Nelson Mandela and Harry Schwarz. In 1949 he married Ruth First, another prominent Jewish anti-apartheid activist and the daughter of SACP treasurer Julius First. They had three daughters, Shawn, Gillian and Robyn. First was assassinated in 1982 by order of Craig Williamson, a major in the Apartheid security police

Said it before and I'll say it again ... rein in your troublemakers.

The thing that amazes me is that the Nationalist Govt did not simply deport the likes of the Slovos and the Firsts and the Schwartzes back to Lithuania or Latvia or whichever Balkan Mitteleurope shithole they came from ...

As far as the American Govt. is concerned, you can't get enough of a good thing ... They are now in the Yemen.

From Trevor Loudon's column:-

http://trevorloudon.com/

From The Daily Bell:

The US is now involved in almost innumerable wars in the Middle East, but most have been reported in one way or another. This one has not been fully vetted as it continues to expand. Unconstitutional, secretive and expanding in scope and violence, it includes the massive, violent projection of US naval, air and Special Forces into parts of Yemen.

It is no skirmish but a coordinated, daily attack against hostile forces that supposedly include a number of “al Qaeda” (whatever they are) protected by local tribesman in the south of Yemen who have rebelled against President Ali Abdullah Saleh’s regime. It involves considerable military effort and expenditure of what must be a US task force that includes sea, air and land power.

Despite the new war’s massive scope, the major media and Congress remain culpably silent on this latest war (is there any other word for it?) even though such a massive military campaign must be well known to top power players in the media, in politics, in the intelligence community and obviously in the Pentagon itself.

So, now you can add Yemen to the list of conflicts the US is up to its eyeballs in, along with Libya, Iraq, Somalia, Afghanistan and Syria. Just how long do you think we can do this? And if I hear one more Keynesean economist wax poetic that all we need to do is print more money, I may rent permanent space on a brick wall to beat my head.

Okay, Yemen. I think we can add Syria, Venezuela and Iran to the laundry list -- before the US dollar implodes completely.

Anyone want to bet against Iceland in the future? Maybe France or Greece or Portugal or Spain? Anyone who even thinks of not paying the bankers?

Imagine that. US troops deployed in Barcelona and Marseilles ... or Armagh.

Whattaya know? WMDs again? Some stories are just too good to give up on. Al the PR and propaganda was written years ago.

Seems a pity to waste it.

http://stratrisks.com/geostrat/977

Pre-War Propaganda?: Syria ‘on radar’ as WMD source

Source: UPI

U.S. and Israeli officials say there is fear a government breakup in Syria could lead to rogue groups armed with a variety of chemical weapons.

“We are very concerned about the status of Syria’s weapons of mass destruction, including chemical weapons,” Israeli Ambassador to the United States Michael Oren recently told The Wall Street Journal.

“Together with the U.S. administration, we are watching this situation very carefully,” he said.

With civil unrest turning into a prolonged conflict for regime change in Libya — an event following former President Hosni Mubarak’s downfall in Egypt — there is concern that Syrian President Bashar al-Assad could also be toppled with a populist revolt.

“We see a lot of opportunity emerging from the end of the Assad regime,” Oren said.

I'll fucking bet you do, Baby.

Okay, that's Syria about to go under the bus.Any bets on who Israel's and America's next target will be? Or how close it will be to the US elections?

The endless plundering of our money by the State is about to take a new twist.

Since the end of the second World War, the State has grown to immense proportions. The fabian logic being that the State can provide all for all, as long as everything belongs to the state. It can redistribute wealth to those unable or unwilling to earn their own in return for votes. It can provide health, housing, education, justice. It can provide all that is required to keep the citizens happy by taking away the burden of responsibility. All it requires is the power to take your money.

This week saw the Treasury plunder the bank accounts of British citizens in Switzerland, grabbing hard earned money for itself whilst declaring those who place their wealth beyond the reaches of Government "parasites".

The irony was not lost on me. The 50p tax rate will stay, meaning that more than half of the labour of a successful citizen is now purely to keep the States ability to redistribute his wealth to others.

The brit govt. is raiding foreign bank accounts? On whose authority?

Here's where things get really interesting, though ...

Unemployed childless citizens, long despised by the state as unproductive and "zero yield" are now being forced to pay full Council tax. The contempt of the Plantation Owner for those not "leveraging synergies" is about to become highly visible. The consequences will be interesting.

For decades, the "poor" have been shielded by subsidies, tax credits and handouts - from the State. It was not their concern that it was all paid for by those who earned their money or borrowed from future generations. Entitlement was engraved in the "have nots", just as we are now seeing the ruthless state demand "entitlement" over our money. All of it.

The Danegeld paid to keep the lower orders peaceful is no longer to be paid and they will now face what the rest of us face. Full exposure to the grasping claw of Government.

I don't think there's undue significance in the fact that the UK has struck some deal with Switzerland on a tax take. What IS interesting is that they feel the need to go after the welfare breeders. Now THAT will elicit some interesting reactions.

Hang cool, hang warm, whatever. Just as long as, in the end, they hang.

http://tiny.cc/459pb

The Greatest Elected Body that Money can Buy

Just when you think your contempt for Congress could not get any higher, our elected representatives manage to do something to ratchet it up another notch.

After congressional shenanigans helped spark a major market sell-off and sparked fears of a double-dip recession, you'd think every single one of them would be heading back to their districts to figure out what their constituents wanted and to try to explain how they were going to help make things better.

Or maybe a few of them would even spend the recess taking a crash course in macroeconomics and public finance, so that they could start exercising their public duties more responsibly.

But what did 81 of them decide to do instead? You guessed it: they are off on junkets to Israel, paid for by the American Israel Education Foundation, an AIPAC spinoff that has been funding such trips for years.

That's right: during the August recess nearly a fifth of the U.S. Congress will visit a single country whose entire population is less than that of New York City.

Israel is not the 51st state ... not even the 58th (Whoops, sorry, President Zero, Sir) It appears that Washington is more and more a suburb of Tel Aviv.